Financial, Government & Corporate Corruption & Cronyism

The incessant pumping by CNBC claiming “Rise Above” as a mantra along with other foolishness reminds me of what happened in 2008, and prompts me to issue a stern caution to anyone in the markets — it can happen again.…

In the duh department we have this: The actual liabilities of the federal government—including Social Security, Medicare, and federal employees’ future retirement benefits—already exceed $86.8 trillion, or 550% of GDP. For the year ending Dec. 31, 2011, the annual accrued expense of Medicare…

Five years ago, every American would have considered a trillion-dollar budget deficit a national tragedy. If you believe the CNBC parrot show, NOT having a trillion-dollar deficit is now a sure sign of the Apocalypse. I speak of course of the cleverly…

By recklessly printing, borrowing and spending money, our authorities are absolutely shredding confidence in the U.S. dollar. The rest of the world is watching this nonsense, and at some point they are going to give up on the U.S. dollar…

The Grand Bargain is unraveling, and a new arrangement will take the place of the Status Quo–whether we like it or not. Correspondent Arnold suggested that I address the fiscal cliff, so here goes. The first step is to set…